Business Directories

French oil major Total is selling its stake in the North Sea Laggan-Tormore oil and gas field as it seeks to shed assets after a steep fall in the oil price, banking sources said.
Total is hoping to get up to $1.5 billion for its

Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total and is close to paying BG Group more for the gas it produces offshore, its oil minister said.
Sherif Ismail outlined several measures

Oil prices are likely to remain relatively low until the summer, the chief executive of Total was quoted as saying on Wednesday, leading the French oil major to assume an average price of $60 a barrel this year.
Talking to the pri

The chief executive of Total said the French oil company would slash spending on exploration by 30 per cent this year due to the drop in the price of oil.
Patrick Pouyanne told the daily Le Monde that "these past two

Beltone Capital and the Egyptian unit of France’s Total plan to spend about $100 million on the development of a 50-MW solar project in Egypt, said a report.
The duo has received the Ministry of Electricity’s approval

Beltone Capital and the Egyptian unit of France’s Total plan to spend about $100 million on the development of a 50-MW solar project in Egypt, said a report.
The duo has received the Ministry of Electricity’s approval

French oil major Total said it had struck oil and gas near the city of Arbil in the autonomous Kurdistan region of Iraq, its second discovery in the Harir block in two years.
The discovery is welcome news for T

Freight forwarding specialist Total Freight International has opened its 6,500-sq-m warehouse at Dubai World Central’s logistics district.
The Total Freight Logistics Centre will facilitate cargo warehousing and distribution

French oil company Total is to face trial in France over corruption allegations relating to Iranian contracts dating from the 1990s and early 2000s, the Paris prosecutor's office said.
Total agreed last yea

Iran will have to offer attractive terms to draw investment by international oil companies because the firms have become more risk-averse and focused on profitability, a senior executive of French oil company Total said.